Howland Capital Management LLC decreased its stake in shares of Agnico Eagle Mines Ltd. (NYSE:AEM) (TSE:AEM) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,822 shares of the mining company’s stock after selling 2,305 shares during the period. Howland Capital Management LLC’s holdings in Agnico Eagle Mines were worth $4,650,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Agnico Eagle Mines by 7.8% in the second quarter. IFP Advisors Inc now owns 2,174 shares of the mining company’s stock valued at $116,000 after buying an additional 157 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Agnico Eagle Mines by 0.4% in the second quarter. Gulf International Bank UK Ltd now owns 67,528 shares of the mining company’s stock valued at $3,597,000 after buying an additional 300 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Agnico Eagle Mines by 10.0% in the second quarter. Riverhead Capital Management LLC now owns 3,795 shares of the mining company’s stock valued at $534,000 after buying an additional 345 shares during the last quarter. US Bancorp DE raised its stake in shares of Agnico Eagle Mines by 12.3% in the second quarter. US Bancorp DE now owns 4,346 shares of the mining company’s stock valued at $232,000 after buying an additional 476 shares during the last quarter. Finally, British Columbia Investment Management Corp raised its stake in shares of Agnico Eagle Mines by 1.8% in the third quarter. British Columbia Investment Management Corp now owns 33,800 shares of the mining company’s stock valued at $1,393,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 61.18% of the company’s stock.

Institutional Ownership by Quarter for Agnico Eagle Mines (NYSE:AEM)

Agnico Eagle Mines Ltd. (NYSE:AEM) traded up 3.16% during mid-day trading on Monday, hitting $42.17. 1,916,881 shares of the stock were exchanged. Agnico Eagle Mines Ltd. has a 52-week low of $24.93 and a 52-week high of $60.10. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 118.46 and a beta of -0.42. The stock has a 50 day moving average of $46.77 and a 200-day moving average of $51.07.

Agnico Eagle Mines (NYSE:AEM) last posted its earnings results on Wednesday, October 26th. The mining company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm earned $610.86 million during the quarter, compared to the consensus estimate of $555.47 million. Agnico Eagle Mines had a return on equity of 2.27% and a net margin of 3.80%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. Equities analysts predict that Agnico Eagle Mines Ltd. will post $0.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. Agnico Eagle Mines’s dividend payout ratio is presently 88.89%.

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Several equities research analysts have issued reports on the stock. BMO Capital Markets set a $72.30 target price on shares of Agnico Eagle Mines and gave the company a “hold” rating in a research report on Sunday, September 18th. Royal Bank Of Canada lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price objective for the company. in a report on Monday, August 8th. TD Securities restated a “hold” rating and issued a $61.00 price objective on shares of Agnico Eagle Mines in a report on Monday, November 21st. RBC Capital Markets lowered shares of Agnico Eagle Mines from an “outperform” rating to a “sector perform” rating and set a $67.00 price objective for the company. in a report on Monday, August 8th. Finally, Scotiabank restated an “outperform” rating and issued a $68.50 price objective on shares of Agnico Eagle Mines in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Agnico Eagle Mines has an average rating of “Buy” and a consensus price target of $57.13.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.

5 Day Chart for NYSE:AEM

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